On Tuesday, JCF Capital, the new owner of the 65-story Trump International Hotel and Tower in Toronto, Canada, announced it would remove Trump’s name from the building.
Prior to JCF Capital’s acquisition of the building, the building had fallen into receivership in 2016.
Both the new owners and Trump Hotels were sanguine about the sale of the hotel; Jay Wolf, the president of JCF, said the Trumps had been “exceptional partners, and we hope to have the pleasure of working with the Trump Organization again in the future.” Eric Danziger, Trump Hotels’ chief, echoed, “We are pleased to have reached this agreement with JCF and have enjoyed our relationship with them as the new owners of this property.”
Trump himself never held an ownership stake in the building, according to The New York Times. The hotel had been often used for news conferences and celebrity sightings before Trump’s run for the presidency, but last year during the Toronto International Film Festival it was avoided by Hollywood stars and film studios.